CANON INC-SPONS ADR (CAJ)       21.12  -1.6 (-7.04%)

21.12  -1.6 (-7.04%)

US1380063099 - ADR

Technical Rating

5

Overall CAJ gets a technical rating of 5 out of 10. CAJ has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the performance of all stocks over the past year, CAJ turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
CAJ is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 68% of 35 stocks in the same industry.
CAJ is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month CAJ has a been trading in the 21.20 - 22.80 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 5.04% 6.87% -4.05% -2.74% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 61.66 20.84 - 25.79
CAJ Weekly chart
CAJ Daily chart

Support/Resistance Analysis


20.64

26.04
When analyzing the support we notice one important area.
  • A support zone ranging from 20.85 to 20.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
  • Resistance @21.26 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 22.02 to 22.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @23.29 from a horizontal line in the daily time frame.
  • Resistance @25.12 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 25.78 to 25.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

1

CAJ has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


CAJ Daily chart

CANON INC-SPONS ADR21.12

NYSE:CAJ (1/30/2023, 12:32:27 PM)-1.6 (-7.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Technology Hardware, Storage & Peripherals

Performance
Today -7.04% 1 Week 1.75%
2 Weeks 2.34% 1 Month 5.04%
3 Month 6.87% 6 Month -4.05%

Volatility
ATR(14) 0.25 ATR(20)% 1.19%
ATR Inc -49.31% Range Today 1.39

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 61.66 Mansfield -0.34
10 Day High 22.8 10 Day Low 21.84
20 Day High 22.8 20 Day Low 21.2
52 Week High 25.79 52 Week Low 20.84
CS1 End 22.68 CR1 Start 23.29

Volume & EV
DER(3) 3.53% DER(5) 0.05%
Volume 896.41K Volume Incr -18.73%
Vol(5) 315.92K Vol(50) 344.49K

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